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Author Topic: [ANN] STRAKS - Decentralised, Open Source, Community Driven Digital Currency  (Read 95666 times)
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GEFE5T
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November 24, 2017, 09:46:09 AM
 #661

Where is the exchange?

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felix18yu
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November 24, 2017, 09:47:41 AM
 #662

Let's make voting in respect of the project?

developers are still sketchy as regards some of the things...


What do you mean, is it a scam or not?

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November 24, 2017, 10:00:40 AM
 #663

You need to be realistic and understand , that all that you now assume about coin price, it's just your expectations. No ONE can guarantee, that the price will be about 1$. It can be only 0.5$. So be carefuly, consider all the RISKS

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November 24, 2017, 10:03:22 AM
 #664

You need to be realistic and understand , that all that you now assume about coin price, it's just your expectations. No ONE can guarantee, that the price will be about 1$. It can be only 0.5$. So be carefuly, consider all the RISKS


i agreed with you  completly. But if the price will be below 1$ - it is less then 0,5$ per 1060 in a day, while other coins can give you 1,5-2,5. So price must be atleast 1$ and highter or we have dead worthless coin.

The thing is - this swap is a trap for straks coins. All the logic and calculation tell us that there is no way for sginatum to stay below 1k sat. So the best way to gain straks is to buy sigt.
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November 24, 2017, 10:41:54 AM
 #665

My logic is next:
Sell SIGT on peak and take some BTC.
Wait price of STRAKS to be dumped and than buy it.
Easy as that Smiley
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November 24, 2017, 10:48:04 AM
 #666

Hi!
Original SIGT had 1250 coins/block. 650 after 30k block.
STRAKS has just 10 coins/block.
Dev will swap coins like 4:1. And it's the end.
Price will be dumped. If you are mining STAKS, you shold say "bye bye"  to you money.
Why such low block reward? Why such low amount for swap. Why not 100:1?
Even if STAKS will have swap 100:1, it will like 1000 coins/block. Even 100:1 less than SIGT's block reward.
Millions of original SIGTs will bring huge inflation.
We should turn off rigs, cause it's madness.
We have been trapped, mates.

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November 24, 2017, 10:51:51 AM
 #667

The project looks amazing with a little bit promising with New D106 Algorithm, it is a revolutary function. Your roadmap looks more challenges, but I will support for long term.

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November 24, 2017, 10:56:07 AM
 #668

Hi!
Original SIGT had 1250 coins/block. 650 after 30k block.
STRAKS has just 10 coins/block.
Dev will swap coins like 4:1. And it's the end.
Price will be dumped. If you are mining STAKS, you shold say "bye bye"  to you money.
Why such low block reward? Why such low amount for swap. Why not 100:1?
Even if STAKS will have swap 100:1, it will like 1000 coins/block. Even 100:1 less than SIGT's block reward.
Millions of original SIGTs will bring huge inflation.
We should turn off rigs, cause it's madness.
We have been trapped, mates.


As i told before, its a trap. But noone stop you to buy sigt and abuse this trap with 100-300% gain.
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November 24, 2017, 10:57:51 AM
 #669

Keeping an eye here.

#crysx

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November 24, 2017, 11:09:57 AM
 #670

Hi!
Original SIGT had 1250 coins/block. 650 after 30k block.
STRAKS has just 10 coins/block.
Dev will swap coins like 4:1. And it's the end.
Price will be dumped. If you are mining STAKS, you shold say "bye bye"  to you money.
Why such low block reward? Why such low amount for swap. Why not 100:1?
Even if STAKS will have swap 100:1, it will like 1000 coins/block. Even 100:1 less than SIGT's block reward.
Millions of original SIGTs will bring huge inflation.
We should turn off rigs, cause it's madness.
We have been trapped, mates.


It will be funny as usual, if they will change coin swap to 1:100 Tongue
But it will be profitable then.

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November 24, 2017, 12:01:19 PM
 #671

Guys, all this confusion/complaints have been caused by a (seemingly) minor detail which however is EXTREMELY important for some of our fellow miners :
NOWHERE in the coin's ANN is it stated that there will be a coin swap.

If you take your time and read the ANN as well as visit github (which you should for ALL new coins lol) the only info about this swap is at the very bottom of the readme.md

Yes,  OF COURSE some of us are well informed and most likely visit the forums daily, and perhaps are signatum holders so we have been watching the signatum 2.0 thread and know all about this.

BUT IF you are a casual reader, don't hold sigantum and have no interest in it, and come upon the STRAKS ANN it is so easy to......miss it, this tiny bit of HUGELY IMPORTANT information.

All you will see is a new coin, intreresting algo, good emission/supply, and thus start mining it (perhaps). Without even looking closely at the readme posted at github, and read it ALL THE way to the bottom. And so you end up being trapped, in a HARD to mine coin with low reward per block + high starting difficulty (cause of all the other over-eager miners as yourself).
And as you are mining, and collecting 1-2 or 5-10 coins a day or something, you then (most likely by accident) discover about the incoming swap and the fact of ALMOST 34m stak coins about to hit the market in the coming weeks.

Guys, it is NOT the dev's fault. They focused on the new coin and its interesting specifications and OFC they informed about the coming swap....at the very bottom of the readme on github. And it is understandable that they want to market their good work which went on this coin, not talk about signatum any more.


This cannot be changed now ofc, not because one of us, or 5 or 100 ppl didin't read the whole thing on github and thus missed this VITAL part of information.


YES, almost 34m million stak will hit the market in next month or so
YES, you have been throwing hash at a seemingly new and difficult coin, expecting 1$ and 3$ and IDK how many $$ initial value.
YES, you perhaps have been spending BTC at nicehash to get this difficult coin , expecting 1$ or 5$ value.

Nothing can be done about it, just get out now so you dont waste more resources, and hope that the coin hits the exchange BEFORE the swap. Then you will (maybe) be able to "fool" some other buyers/traders which will purchase if for such price who don't know of the 34m incoming coins that will flood the market soon.


And people, pls STOP trying to estimate the coin's value based on the current mining difficulty vs profitability and THEN make the EVEN bigger mistake of comparing it to the current value of signatum and the 4:1 ratio. OFC anything can happen but......with 34m coin flood, the most likely scenario is for straks to drop to 20-40 satoshi first, before it can have any hope of recovery. I hope I am wrong on this.


Disclaimer: I have never mined signatum,I am NOT a signatum holder and out of plain luck (read the signatum2.0 thread before this ANN) I have NOT started mining STRAKS. Otherwise I would be in the same boat as you guys.



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November 24, 2017, 12:21:35 PM
 #672

still no date for the swap ?? why do you ignore SIGT holders ?

Im pretty sure I have answered this at least 10 times, but here goes, 11th time lucky...

29th November = swap details will be announced.
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November 24, 2017, 12:32:34 PM
 #673

Quote
hope that the coin hits the exchange BEFORE the swap.

It is highly likely (but not 100% guaranteed) that Straks will hit an Exchange before the swap.  Wink
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November 24, 2017, 01:02:33 PM
 #674

Hi!
Original SIGT had 1250 coins/block. 650 after 30k block.
STRAKS has just 10 coins/block.
Dev will swap coins like 4:1. And it's the end.
Price will be dumped. If you are mining STAKS, you shold say "bye bye"  to you money.
Why such low block reward? Why such low amount for swap. Why not 100:1?
Even if STAKS will have swap 100:1, it will like 1000 coins/block. Even 100:1 less than SIGT's block reward.
Millions of original SIGTs will bring huge inflation.
We should turn off rigs, cause it's madness.
We have been trapped, mates.


As i told before, its a trap. But noone stop you to buy sigt and abuse this trap with 100-300% gain.
Of course, it's possible, to buy SIGT and swap to STRAKS with quick profit. But i said about future of this project.
STRAKS  - is POW coin, isn't it? We know about millions extra coins from swap. Noone will mine it with such options.  
As for me, STRAKS has future only without swap.

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November 24, 2017, 01:05:31 PM
 #675

Hi!
Original SIGT had 1250 coins/block. 650 after 30k block.
STRAKS has just 10 coins/block.
Dev will swap coins like 4:1. And it's the end.
Price will be dumped. If you are mining STAKS, you shold say "bye bye"  to you money.
Why such low block reward? Why such low amount for swap. Why not 100:1?
Even if STAKS will have swap 100:1, it will like 1000 coins/block. Even 100:1 less than SIGT's block reward.
Millions of original SIGTs will bring huge inflation.
We should turn off rigs, cause it's madness.
We have been trapped, mates.


As i told before, its a trap. But noone stop you to buy sigt and abuse this trap with 100-300% gain.
Of course, it's possible, to buy SIGT and swap to STRAKS with quick profit. But i said about future of this project.
STRAKS  - is POW coin, isn't it? We know about millions extra coins from swap. Noone will mine it with such options.  
As for me, STRAKS has future only without swap.
Straks told me that it have future only without you.. lol  Cheesy

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gerietis
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November 24, 2017, 01:16:35 PM
 #676

The value of bitcoin would never go higher than a dollar if the bitcoin developers held back enough bitcoin to match the amount of US dollars in circulation with the promise to swap 1 bitcoin for 4 quarters.

look, not all supply of STRAKS is nominated 4:1 to SIGT, only part of it. So yes, there will be some pressure in market from current SIGT owners, but bigger part of STRAKS will come from hard mining, and value will be nos just 4:1 to SIGT .

Edit: I mean long term, not first weeks after swap.

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November 24, 2017, 01:17:50 PM
 #677

Hi!
Original SIGT had 1250 coins/block. 650 after 30k block.
STRAKS has just 10 coins/block.
Dev will swap coins like 4:1. And it's the end.
Price will be dumped. If you are mining STAKS, you shold say "bye bye"  to you money.
Why such low block reward? Why such low amount for swap. Why not 100:1?
Even if STAKS will have swap 100:1, it will like 1000 coins/block. Even 100:1 less than SIGT's block reward.
Millions of original SIGTs will bring huge inflation.
We should turn off rigs, cause it's madness.
We have been trapped, mates.


As i told before, its a trap. But noone stop you to buy sigt and abuse this trap with 100-300% gain.
Of course, it's possible, to buy SIGT and swap to STRAKS with quick profit. But i said about future of this project.
STRAKS  - is POW coin, isn't it? We know about millions extra coins from swap. Noone will mine it with such options.  
As for me, STRAKS has future only without swap.
Straks told me that it have future only without you.. lol  Cheesy
Good luck, my friend. I'll pray for your success Cheesy

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November 24, 2017, 01:19:34 PM
 #678


Developer stopped and abandoned SIGT 2.0, then created STARK. What is the purpose of that guy?

SIGT2.0 was temporary name of STRAKS . There was contest for coin name and STRAKS von the vote. So STRAKS is not "third" project.

* The Best cryptocurrency  IdealCash https://bitcointalk.org/index.php?topic=2678487.new#new
* Binance, probably the best exchnge - https://www.binance.com/?ref=12575727
* Bank of the blockchain era - Bankera  https://bankera.com/?ref=3781694901
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November 24, 2017, 01:27:36 PM
 #679

//Guys, it is NOT the dev's fault.

Their fault is taking 10 coins per block as a reward.
If it would be 10 000 coins - and i could mine 1000 a day - i wouldn`t worry about the price of 40 satoshi and about the pressure of 4 sigt price.
Difficulty didn`t go away and i suppose it won`t.

Why should i mine this coin with such difficulty and such expected price?

P.S. Yesterday`s signatum price - 100 satoshi. STAK expected price is 4*100. Try to guess the hashrate and then choose a reward. Then twice it and there you go - everybody is mining STRAKS, it is listed everywhere and in top of wtm, signatum holders are happy too, i suppose.
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November 24, 2017, 01:37:33 PM
 #680

It needs to be on exchange before swap, that's pretty straightforward.

There has to be a value to let people with SIGT make the decision to swap, even as a dead project, xxx sigt are worth xxx btc.
How likely are people to trade in something they know they can go trade for btc anytime for something that essentially has no value because you can't do anything with it.

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